Page 8 - Squared Capital News Today

COP28 and its final statement perfectly reflect a practical reality: Fossil fuels and renewables are not an either/or.

The European Commission has approved the full acquisition of Arriva PLC by private equity firm I Squared from Deutsche Bahn.

Private equity infrastructure fund I Squared Capital said on Monday it would acquire a 49% stake in Brazilian energy firm Origo Energia for up to $400 million, marking its first direct investment in... -January 08, 2024 at 01:05 pm EST - MarketScreener

The acquisition after months of negotiations marks the Boston-based independent tower companys exit from India. ATC had informed the US Securities and Exchange Commission in February 2023 that it was exploring strategic alternatives, including the sale of an equity stake in its India operations, amid a challenging business environment.

(FE) In a mega M&A deal in the telecom tower space, Brookfield Asset Management on Friday said that it will acquire 100% stake in American Tower Corporation’s (ATC) India business for $2.5 billion (Rs 21,000 crore), which includes $2 billion (Rs 16,500 crore) enterprise value along side a ‘ticking fee accruing from October 1, 2023.…

The Boston-based telecom tower company added that the total cash proceeds to ATC at closing, subject to certain pre-closing terms, would potentially represent up to approximately or $2.5 billion at today’s exchange rates. The transaction, which reflects the completion of the previously announced strategic review of ATC’s operations in India, is subject to customary closing conditions, including government and regulatory approvals, and is expected to close in the second half of 2024.

Brookfield outbids I Squared Capital to acquire 100% of American Tower Corps India unit, overcoming delays in I Squareds negotiations for a 65% stake. This move echoes Brookfields previous investment in Reliance Jios tower assets, emphasizing strategic positioning for 5G technology. ATC sought suitors to divest up to 100% but faced valuation challenges amid uncertainties with Vis financial struggles. The acquisition reflects Brookfields assertive presence in Indias telecom infrastructure.

Since launching operations in India in 2007, ATC India’s portfolio has expanded to approximately 75,000 towers. The firm has a national presence and services all major telecom service providers in the country

Ambient Photonics touts its new solar cell as the future power source for connected devices, potentially eliminating the need for batteries.

Since launching operations in India in 2007, ATC India’s portfolio has expanded to approximately 75,000 towers. The firm has a national presence and services all major telecom service providers in the country